Fontainebleau (pronounced “fountain-blue”) is once again making a comeback to renounce its place on the Las Vegas Strip.
The Fontainebleau project was abandoned in 2009 due to the economic downturn but was recently purchased by the original developer, Fontainebleau Development, and Koch Real Estate Investments.
Fontainebleau is actually happening. Finally, after all these years just collecting dust across from Circus Circus.
We caught some construction activity at the Fontainebleau site, and have chronicled other activity leading us to believe the new owners of Fontainebleau are not just shoveling stuff.
Now dubbed, “The Great Bleau Hope” We’ll definitely keep you informed on the progress of the Fontainebleau property and what it’s going to look like as things get moving on this project.
Fontainebleau Las Vegas is a vertically-integrated, luxury 67-story hotel, gaming, entertainment, and meeting destination scheduled to open the fourth quarter of 2023. Created by Fontainebleau Development, who designs, builds, and operates premier hospitality, commercial, retail, and luxury properties, in partnership with Koch Real Estate Investments, Fontainebleau Las Vegas brings full circle the company’s longtime vision of hosting its iconic brand on the Las Vegas Strip. Located at 2777 S. Las Vegas Blvd. adjacent to the acclaimed Las Vegas Convention Center expansion, Fontainebleau Las Vegas will feature more than 3,700 uniquely designed hotel rooms, more than 550,000 square feet of convention space, and a world-class collection of restaurants and shops, pool experiences, vibrant nightlife options, and coveted spa and wellness offerings.
Fontainebleau has established a diverse portfolio, including premiere assets such as Big Easy Casino, Fontainebleau Miami Beach, JW Marriott Turnberry Resort & Spa, Hilton Downtown Nashville, and numerous residential landmarks such as Turnberry Ocean Club, Turnberry Ocean Colony, Porto Vita, the Tresor and Sorrento towers at Fontainebleau Miami Beach. Its luxury services division includes Fontainebleau Aviation, Turnberry Marina, Turnberry Isle Country Club, and some of the highest-grossing and well-known food, beverage, and wellness destinations in the world. Over a 50-year history, Fontainebleau has been involved in over 100 projects representing in excess of $25 billion in total transaction value.
Fontainebleau project will create 3,200 construction jobs and there will be 6,000 permanent employees when the casino resort opens.
There will be a casino. Why else would we care about this project? Fontainebleau sits next to the new West Wing of the Las Vegas Convention Center which makes it convenient for convention-goers to walk from.
The news conference was lackluster, to say the least. Just some official-looking people with shovels that didn’t really know how to use them.
The Rendering looks when the light just hit it right.
The project comes with its own secret service guys to make sure everyone is safe and sound.
Koch Real Estate Investments (KREI), based in Dallas, Texas, focuses its efforts on attractive risk-adjusted capital deployment into real estate assets and operating companies with an agnostic approach to product, geography, and capital position. KREI has an acute focus on best-in-class management teams and flexible capital solutions that align interests to drive mutual benefit with its partners. Since 2003, Koch companies have invested nearly $133 billion in growth and improvements. With a presence in more than 70 countries, Koch companies employ 122,000 people worldwide, with about 62,000 of those in the United States. From January 2009 to the present, Koch companies have earned more than 1,300 awards for safety, environmental excellence, community stewardship, innovation, and customer service. For more news and information, visit www.KOCHind.com.
But in all seriousness, this project hasn’t seen a construction news conference since it began in the early days of 2004. So, it seems that this group didn’t have a lot of details to include about Fontainebleau Las Vegas just eager and ready to get this project done and on time for the 4th quarter of 2023.